DICK'S Sporting Goods Inc at Morgan Stanley Global Consumer & Retail Conference Transcript
Hello. Hello. Sorry for the delay. Hi, everyone. I'm Simeon Gutman, Morgan Stanley's hardline, broadline and food retail analyst. Welcome to day 2 of our Global Consumer and Retail Conference. It is our pleasure to welcome DICK'S Sporting Goods, represented by Ed Stack, Executive Chairman; Lauren Hobart, President and CEO; and Navdeep Gupta, EVP and CFO.
I'm going to make a quick introduction, read a disclosure. Oh, and there's safe harbor language on DICK'S Sporting Goods website. Please see that and then ask the first question and have a seat.
Yesterday, I introduced another company saying it was the greatest retention of margin post-COVID. While DICK'S hasn't had all of it -- retained all of its EBIT margin post-COVID, it is one of the biggest transformation stories post-COVID.
I think part of that is there was a lot of change happening in the time leading up and they've amplified those changes in a mega trend category and most recently going big with stores in a time when retail is mostly shrinking. They've also gone
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